Stocks to Watch: AT&T, Tyson (Update 1)
NEW YORK -- AT&T
AT&T will begin trials of the services this summer in Dallas and Atlanta.
AT&T's "Digital Life" will monitor homes for burglaries and will allow customers to control such things as appliances, lights, heating and cooling.
AT&T made its announcement ahead of the U.S. cellphone industry's annual trade show, which starts Tuesday in New Orleans.
Sales were $8.3 billion, up from $8 billion last year.
On average, analysts expected the company to post a quarterly profit of 38 cents a share on $8.47 billion.
The acquisition would lift Micron's global market share of memory chips used in personal computers to 25%, making it the second largest behind Samsung Electronics.
Elpida filed for bankruptcy protection in February.
Shares of Micron Technology rose 2.29% in premarket trading Monday to $6.70.
The 2011 quarter included a $340.7 million gain related to a settlement with TiVo.
Revenue rose 11% to $3.58 billion.
Analysts expected earnings of 70 cents a share in the first quarter on revenue of $3.62 billion.
The bid would have been for about $17 a share.
"DigitalGlobe has consistently demonstrated superior operating performance compared to GeoEye, including the stronger relative performance on the EnhancedView program," said DigitalGlobe CEO Jeffrey R. Tarr in a statement. "DigitalGlobe is the only provider in the industry with a constellation of three healthy on-orbit high resolution satellites, which allows us to deliver vastly more imagery to NGA than GeoEye, both in total and per-taxpayer dollar, generating significant value for the government and taxpayers. We are enthusiastic about our prospects and the opportunities before us, and our ability to successfully execute on our strategic plan to create value for our customers and shareowners."
-- Written by Joseph Woelfel
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